Market Pulse
London close: Stocks end little changed despite weak reading on industry
London stocks reversed an earlier small loss to trade slightly higher by the close of trading on Monday despite resilience in the pound against the greenback even after the release of weaker-than-expected data on industrial trends.
Tuesday preview: Results from Anglo American, Bunzl, St James's Place and Whitbread
Tuesday remains quiet for macroeconomic news but the week's major corporate results kick in with updates from Anglo American, Bunzl, St James's Place and Whitbread.
FTSE 250 movers: Spire surges as it rejects Mediclinic offer; IWG hit by downgrade
London’s FTSE 250 was down 0. 2% to 20,109. 57 in afternoon trade on Monday.
FTSE 100 movers: GKN rallies but Mediclinic drops as Spire rejects offer
London’s FTSE 100 was up 0. 1% to 7,529. 60 in afternoon trade on Monday.
US open: Stocks pause at record highs
Wall Street was trading on a mixed note in the early going on Monday, albeit after record closes during the previous session with sentiment underpinned by optimism over Trump’s tax plans as investors look ahead to more earnings releases.
FCA still investigating RBS's GRG over SME issues
The City watchdog has published an interim report into the treatment by Royal Bank of Scotland small business clients, though it said the bank remained under investigation over some unnamed matters that could see further regulatory action.
Smith & Nephew acquires 'game changing' shoulder surgery technology
Smith & Nephew has agreed to snap up a US developer of a "game changing" surgical technology that helps speed the healing process in rotator cuff shoulder injuries.
Asia report: Japan leads rise as Abe consolidates strength in election
Japanese equities led Asia-Pacific markets mostly higher on Monday as markets welcomed an election win for Shinzo Abe.
UK household pressures ease, rate hike expectations rise - IHS Markit
Financial pressures eased for UK households in October while rate hike expectations rose, according to the latest survey from IHS/Markit.
Europe midday: Stocks turn higher as German exporters balance Catalonia angst
European stocks were picking up a little steam after a listless Monday morning, as slippage in the euro benefitted exporters but Spain's issues with Catalonia continued to cause some anxiety.
Credit Suisse downgrades IWG, slashes price target after profit warning
IWG was under the cosh on Monday as Credit Suisse downgraded its stance on the stock to ‘neutral’ from ‘outperform’ and slashed the price target to 250p from 435p, removing it from its small and mid-cap Focus List following the company's profit warning last week.
Spire Healthcare rebuffs offer from Mediclinic, analysts expect more
Spire Healthcare has rejected a cash-and-shares offer from fellow private hospital operator Mediclinic International that has been described by analysts as "opportunistic".
UK manufacturing growth slows in October - CBI
Growth in UK manufacturing activity unexpectedly softened in the three months to October, but remains “historically robust”, according to the latest survey from the Confederation of British Industry.
Serabi Gold Brazilian based operations ramp up gold production in third quarter
Serabi Gold's Palito/Sao Chico high grade gold operation, located in the Tapajos region of Para State, Northern Brazil, ramped up gold production, with an estimated 9,657 ounces of gold reportedly produced in the third quarter, the company announced on Monday.
US pre-open: Stocks seen slightly higher as investors eye more earnings
US futures pointed to a slightly firmer open on Wall Street on Monday, with sentiment underpinned by optimism over Trump’s tax plans as investors look ahead to more earnings releases.
Pendragon warns on profit amid weaker new car demand
Car dealership Pendragon warned on Monday that full-year profit will be hit by weaker new car demand and pricing on used cars, as it announced that chairman Mel Egglenton has stepped down with immediate effect.
Liberum upgrades GKN to 'hold', target price steady
Analysts at Liberum Capital have upgraded their recommendation for shares of GKN, saying that the bad news has now been flushed out and that the downside looks limited given the possibility of disposals and scope for improved cash generation going forward.
FCA fines Merrill Lynch for failing to report 64m transactions
Merrill Lynch International has been hit with a large fine by the City watchdog for failing to report details of millions of financial transactions.
Real Good Food warns of full-year loss
Baking ingredients business Real Good Food warned on Monday that it will report a loss for the year as higher costs and currency movements take their toll.
Government's new housebuilding plans 'could end cosy climate for builders'
The government has proposed a major state housebuilding push to ease the housing crisis, with one side-effect being an end to the "cosy and golden trading climate" that large building companies currently enjoy.